XRP Could Break Out Toward $5.40 After Nine Years

XRP's nine-year consolidation is still not resolved, traders are waiting for a confirmation of a possible long-term breakout on established resistance. The $5.40 mark is still a forecast, and XRP wouldn't be able to advance if it didn't break out and hold an upward trend. XRP trades below its nine-day EMA, while an RSI reading under 50 signals weakening short-term momentum near support. The overall XRP price outlook is tied to the market's technical weakness and a deep consolidation that may be a precursor to a major move.

Source: CryptoNewsLand